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Use the Figure Area of a Triangle II

Question 1

Short Answer

Use the figure Area of a Triangle II. The triangle in the accompanying graph represents the welfare loss to consumers who no longer participate in a market after a tax is placed on a good. Calculate the area of the triangle.
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Figure: Area of a Triangle II
Use the figure Area of a Triangle II. The triangle in the accompanying graph represents the welfare loss to consumers who no longer participate in a market after a tax is placed on a good. Calculate the area of the triangle. ​ Figure: Area of a Triangle II

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